Sun.Jun 19, 2022

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Meta to sell virtual luxury clothes on avatar fashion store

Inside Retail

Facebook owner Meta Platforms is launching a digital clothing store where users can purchase designer outfits for their avatars, CEO Mark Zuckerberg said. Virtual outfits designed by fashion brands Balenciaga, Prada and Thom Browne will be available for purchase to start, said Zuckerberg, speaking in a live video stream with Instagram’s head of fashion.

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The King’s Swedish: AI Rewrites the Book in Scandinavia

Nvidia

If the King of Sweden wants help drafting his annual Christmas speech this year, he could ask the same AI model that’s available to his 10 million subjects. As a test, researchers prompted the model, called GPT-SW3, to draft one of the royal messages, and it did a pretty good job, according to Magnus Sahlgren, who heads research in natural language understanding at AI Sweden, a consortium kickstarting the country’s journey into the machine learning era.

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Here’s why discount luxury business Azura Fashion Group is going circular

Inside Retail

Australian fashion tech business Azura Fashion Group is banking on the booming circular economy for growth. The business helps luxury brands, distributors and wholesalers clear end-of-line and off-season products through online marketplaces, such as Farfetch, Net-A-Porter, Vestiaire Collective and The Iconic, as well as its own e-commerce site, Azura Runway.

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30 Black Entrepreneur Quotes to Inspire You

Small Biz Trends

What does it take to be a successful black small business owner or entrepreneur? For many in the African American community, the answer to that question is inspiration. Luckily, there are lots of inspiring quotes out there from black entrepreneurs who have made it big. Here are 30 powerful quotes to help jumpstart your entrepreneurial journey. Inspirational Quotes for Your Private Business.

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A Roadmap For Modernization: How To Break Free From Your Monolith Before July 31, 2026

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

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Inflation, not volume, will drive retail sales growth until 2025 – report

Inside Retail

Australian retail spending is now higher than it was tracking before the pandemic, but data from Deloitte suggests celebrations should be held in check. The quarterly Deloitte Access Economics’ Retail Forecasts finds that – based on trend analysis – real retail spending during the quarter to March 31 ran 6.2 per cent ahead of what might have been expected had Covid-19 not disrupted markets from early 2020.

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With Web3, Social Media Creators and SMBS Can Get A Much Better Deal

Small Biz Trends

The rise of social media has led to the emergence of a multi-billion dollar “creator economy” that makes it possible for anyone to earn a living by creating and sharing content with their fans. While it’s almost impossible to know how much money the creator economy is worth, one estimate suggests that creators could generate as much as $20 billion globally.

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The Future of e-commerce Platforms in the Gaming Ecosystem

The Retail Creative and Consulting Agency

Republished from Marketscale. The function of e-commerce has been a vital source of selling on online platforms for decades now. The nature of the large scale selling component allows various types of companies to reach and sell to their customers. In the gaming ecosystem, not only has that been the norm, but its future is bright as new innovation is changing g-commerce.

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Disney’s APAC e-commerce debut: hit or miss?

Inside Retail

It was a much anticipated – yet predictable – announcement by Disney last week to announce the debut of its flagship e-commerce store, shopDisney, for consumers across Australia, New Zealand, Hong Kong, Malaysia and Singapore. The site offers over 1,000 products, including authentic Disney, Pixar, Star Wars and Marvel merchandise. In the current climate, where e-commerce has been a key part of retail even pre-Covid, it could be argued that Disney’s e-commerce rollout for the APAC reg

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How to Prepare for Amazon Prime Day 2022

Retail Bound

Amazon recently announced that Prime Day 2022 will be July 12 th -13 th. Being among the most popular shopping days of the year, Amazon Prime Day is like experiencing Christmas in July for Amazon retailers. Here are some valuable tips to help product brands prepare for Amazon Prime Day 2022. ‍ 1. Optimize your Amazon Product Listings. The first approach must be to ensure that your Amazon product listings are optimized to represent the product, not the promotion.

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Drumroll, please: Introducing Asia’s most influential retail leaders

Inside Retail

For the first time ever, Inside Retail Asia has published a list of the region’s most influential retail leaders. “Influence” is such a subjective word. It’s hard to describe, but once you come across someone with that kind of leadership and spirit, you know immediately exactly what it means. In our view, the notable retail business people on this list go beyond just being in charge of their businesses.

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Humans + Agents = Rethinking Enterprise Commerce with AI

AI agents already analyze trends, draft content, and trigger actions across leading commerce platforms. Yet most organizations still rely on workflows built for human‑only teams, losing speed, margin, and customer loyalty. Humans + Agents: Rethinking Enterprise Commerce in the Age of AI Collaboration shows how to close that gap. In one concise read you’ll see where agent gains surface first, how early adopters prove ROI, and which lean controls keep innovation moving without risking data or bran

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Signs of slowing in household spending after interest rate rises

Inside Retail

The CommBank HSI Index lifted during May across most categories, but discretionary spending started to soften with the rising cost of living. The Retail category rose by 0.5 per cent month on month in May and 7.4 per cent on year, which can be interpreted as a soft result given seasonal factors and rising prices. Consumer spending intentions measured by the CommBank Household Spending Intentions Index rose 2.9 per cent in May to 115.9, although discretionary spending appears to be slowing after